General Dynamics Corporation (GD)

General Dynamics Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	50,273	47,716	42,272	39,407	38,469	37,925
Revenue Growth (YoY)	11.85%	12.88%	7.27%	2.44%	1.43%	-3.62%
Cost of Revenue	-42,530	-40,352	-35,600	-32,785	-32,061	-31,600
Gross Profit	92,803	88,068	77,872	72,192	70,530	69,525
Selling, General & Admin	-2,566	-2,568	-2,427	-2,411	-2,245	-2,192
Total Operating Expenses	-2,566	-2,568	-2,427	-2,411	-2,245	-2,192
Operating Income	95,369	90,636	80,299	74,603	72,775	71,717
Interest Expense	-335	-324	-343	-364	-424	-477
Other Non-Operating Income (Expense)	72	68	82	189	134	82
Total Non-Operating Income (Expense)	-263	-256	-261	-175	-290	-395
Pretax Income	95,106	90,380	80,038	74,428	72,485	71,322
Provision for Income Taxes	-828	-758	-669	-646	-616	-571
Net Income	4,086	3,782	3,315	3,390	3,257	3,167
Net Income to Common	4,086	3,782	3,315	3,390	3,257	3,167
Net Income Growth	15.26%	14.09%	-2.21%	4.08%	2.84%	-9.10%
Shares Outstanding (Basic)	271	274	273	275	280	287
Shares Outstanding (Diluted)	274	277	276	278	282	288
Shares Change (YoY)	-0.72%	0.64%	-0.88%	-1.36%	-2.05%	-1.00%
EPS (Basic)	15.06	13.81	12.14	12.31	11.61	11.04
EPS (Diluted)	14.89	13.63	12.02	12.19	11.55	11.00
EPS Growth	16.15%	13.39%	-1.40%	5.54%	5.00%	-8.18%
Free Cash Flow	4,130	3,196	3,806	3,465	3,384	2,891
Free Cash Flow Growth	29.22%	-16.03%	9.84%	2.39%	17.05%	44.98%
Free Cash Flow Per Share	15.05	11.52	13.80	12.46	12.00	10.04
Dividends Per Share	5.840	5.680	5.280	5.040	4.760	4.400
Dividend Growth	2.82%	7.58%	4.76%	5.88%	8.18%	7.84%
Gross Margin	184.60%	184.57%	184.22%	183.20%	183.34%	183.32%
Operating Margin	189.70%	189.95%	189.96%	189.31%	189.18%	189.10%
Profit Margin	190.83%	191.00%	190.92%	190.51%	190.03%	189.57%
FCF Margin	8.22%	6.70%	9.00%	8.79%	8.80%	7.62%
EBITDA	96,273	91,522	81,162	75,487	73,665	72,595
EBITDA Margin	191.50%	191.81%	192.00%	191.56%	191.49%	191.42%
EBIT	95,369	90,636	80,299	74,603	72,775	71,717
EBIT Margin	189.70%	189.95%	189.96%	189.31%	189.18%	189.10%
Effective Tax Rate	-0.87%	-0.84%	-0.84%	-0.87%	-0.85%	-0.80%

Updated Jul 23, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q